Milk prices are dropping significantly, while the value of dairy cow livestock has never been higher.

Thanks to that dichotomy, American dairy farmers face a tough decision: call the auctioneer or try to stay afloat in a tricky market. Pete Hardin and Bert Zipperer walk us through the issue – and the lessons from Canada’s quota system – in this edition of “The Milkweed.”

Image courtesy: Chris Waits via Flickr.